GIFT Nifty Opening Update
GIFT Nifty opened today at 24,738.00. It is up 22.50 points (0.09%) from yesterday’s close of 24,637.00— so the trend is positive.
The Indian equity benchmark indices, the BSE Sensex and the Nifty 50, are anticipated to commence on a strong footing Thursday, following positive movements in global markets. Indicators from Gift Nifty suggest a favorable opening for domestic equities. Gift Nifty was positioned around the 24,725 level, indicating a premium of approximately 140 points compared to the last closing of Nifty futures. “The Indian equity market remains influenced by escalating geopolitical tensions in the Middle East, which are sustaining high crude oil prices. Rising energy prices are amplifying the strain on India’s import expenses and inflation expectations, which continues to foster a cautious mood among investors. Heavy foreign portfolio investment outflows are putting extra strain on the local currency, which is further undermining market confidence,” stated Ponmudi R.
On Wednesday, Indian markets closed notably lower, continuing their downward trend amid concerns related to the US-Iran conflict, with the Nifty 50 falling below the 24,500 mark. The Sensex fell by 1,122.66 points, or 1.40%, concluding at 79,116.19, whereas the Nifty 50 decreased by 385.20 points, or 1.55%, finishing at 24,480.50. In light of the ongoing US-Iran conflict, attention is expected to be directed towards these stocks on Thursday, March 5, 2026 —
Equities to Monitor:
- BSE – The stock exchange has received approval from the Securities and Exchange Board of India (SEBI) to launch derivative contracts on the BSE Sensex Next 30 Index. The plan is to introduce cash-settled monthly index futures and options that are based on the index.
- MRF entered into a Memorandum of Understanding (MoU) with the Tamil Nadu government, committing to invest Rs 5,300 crore over the next 12 years to set up a new tyre manufacturing facility in the state.
- Glenmark Pharmaceuticals on Wednesday revealed that its subsidiary, Glenmark Speciality SA, has obtained final approval from the United States Food and Drug Administration for its fluticasone propionate inhalation aerosol USP, 44 mcg per actuation.
- Hindustan Unilever Limited announced that it has sold its complete stake in Nutrition Lab for Rs 307 crore. On February 12, 2026, the company communicated to stock exchanges its intention to divest its 19.8% stake in the entity.
- Gujarat Gas announced the issuance of force majeure notices to its industrial clients, reducing daily contracted gas supplies starting March 6, 2026, due to significantly constrained availability of regasified LNG (R-LNG) as a result of the ongoing conflict in the Middle East.
- Cyient has informed the exchanges that the National Company Law Tribunal (NCLT), Bengaluru Bench, has ordered the initiation of liquidation proceedings against Infotech HAL Limited, its joint venture with Hindustan Aeronautics Limited.
- Polycab India has received a tax demand amounting to Rs 327.5 crore from the Office of the Deputy Commissioner of Income Tax, Mumbai. The order pertains to the Assessment Year 2024–25, which aligns with the Financial Year 2023–24.
- IndiGo announced on Wednesday the cancellation of over 500 flights to the Middle East and other international destinations from February 28 to March 3, citing evolving airspace restrictions over Iran and parts of the Gulf region.
- Great Eastern Shipping Company has committed to acquiring a pre-owned Kamsarmax dry bulk carrier as part of its ongoing fleet expansion strategy.
- Ramkay Infrastructure has disclosed that it has finalized an EPC agreement with Maharashtra Industrial Township Limited to undertake infrastructure development at the Dighi Port Industrial Area (DPIA), Phase 1, Package A.